Nordea FX Strategy Research argues that despite being long-term optimists on EUR/USD, the strong recent momentum of the pair has been surprising.”A lot of good news should already be in the price for the EUR, just as most bad news should be in the price for the USD (this suggests a reversal)….But given recent strong momentum, that the move a

The U.S. dollar extended its woes touching its lowest level against the euro in more than 2-1/2 years on Wednesday. Doubts whether the Federal Reserve will raise interest rates this year and expectations for European Central Bank hawkishness lifted the single currency and weighed on the dollar.